Palladium: Best Performing Precious Metal Year To Date
Simit Patel | Nov 09, 2014 11:19PM ET
The chart below shows the precious metals -- Platinum, Palladium, Gold, and Silver -- and their performance year to date. As we can see, palladium has been the clear winner, outperforming the rest of the group and the only one that is positive year to date.
What has led palladium to outperform? Some arguments include:
1. Supply shortages due to mining strikes
2. Increase in demand as global car sales set new all-time highs
3. Market manipulation by banks/funds of prices to the upside
What I also found interesting is the divergence between palladium and the rest of the precious metals over the past three weeks; in that time, palladium is the only one to be positive. I thought this might be especially interesting since it was a time that included gold and silver making new multi-year lows.
The chart below illustrates.
Will palladium continue to outperform?
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